Public and Investor relation advisor : To build a strategy and guide communications with stakeholders

Fundamental preparation

To develop robust financial and business plan

To adopt leading practice of corporate governance and reporting process

To establish financial reporting procedure and to begin preparation of historical financial information

To review and implementcompliance control system

To consider and restructure the ownership structure

Full-scale preparation (6 months)

Documentation

To finalize summing up historical financial information

To commence due diligence by a lead underwriter

To prepare prospectus for public offering or disclosure document for listing (DDL)

Company restructuring

To start to commence planned financial and business plan

To make necessary restructuring of management structure

To implement financial reporting procedure

Final preparation (4 months)

Preparation for Listing examination

To start financial and legal due diligence

To complete drafting the prospectus or DDL and listing application documents

Preparation for offering shares

To prepare road show presentations for targeted potential investors

Listing examination (at least 7 weeks)

Listing application

Applicant company prepares all listing application documents and submits to YSX.

Application document

Listing examination

The examination takes at least 7 weeks, in general but the schedule may be extended depending on the company’s situation.

Listing examination is conducted through reviewing applied documents, interviewing with staff, Auditor and company’s management and field examination as necessary.

YSX judges listing eligibility of a company in terms of meeting the listing criteria such as business and financial soundness, corporate governance and internal management system.

Listing criteria (English)

(Myanmar)

Model schedule of the examination (at earliest)

Listing approval

YSX makes an announcement of listing approval and a listing date of the applicant on YSX’s website.

Offering shares (8 weeks)

Procedure of offering shares

To lodge prospectus with SECM and to receive an approval of offering shares.

To offer shares to existing shareholders (rights offering) and general public (public offering) with providing prospectus through underwriter securities companies*.
* Multiple securities companies make up a syndicate group for offering as usual.

Dematerialization of issued shares (8 weeks)

Procedure preparation

An applicant company and securities company make necessary arrangements of confirming procedure of dematerialization of the company’s shares.

Opening securities account

Existing shareholders of an applicant company make registration of shares into a securities account in a securities company having trading qualification.

An applicant company, through securities companies, collects share certificates of existing shareholders who make registration of his/her owning shares into a securities account.

Data verification

An applicant company and securities companies conduct data verification between the company’s the latest shareholders list and shareholders data registered in ICT system of securities companies.

Making a special account shareholders list

An applicant company makes a special account shareholders list for shareholders who haven’t opened a securities account made registration of owning shares by closing date set by the company.